You make a very interesting point re the “wider picture” for future iron and copper demand.
Iron-air batteries (and other allied developments) should have a positive impact in their own right but beyond that, the potential effect on global demand for iron, copper etc can only be helpful to us.
Welcome back: glad you survived the storms and were not “drownded in the tide” (Dylan)…. (if you were swept as far as the tidal Severn?)
I’m relieved to have you back with us. We seem to have mislaid Trev2, so can ill afford to lose another of us LTH survivors!
Brent
Mike is right about most things (including but not limited to the potential benefits to AYM of the proposed new, revived rail link) but in this case I'd suggest a modicum of caution.
This Prince Ntumbi may not be entirely genuine and it's possible that this could be a scam...
Perhaps we should not feel too downhearted: there is after all a possibility that the Bored of Directors is, like a flock of ducks paddling lustily below the surface, working at fever pitch behind the scenes to bring our 3 existing assets into profitable production. Who knows, the other, unspecified “exciting projects” may not be far behind…
If Trev2 were still an active poster, he would no doubt counsel "quod patientia sit virtus" and would advise us to give the Bored of Directors a chance. After all, what is 30 years in the great scheme of things? Being ever the optimist, he might even add "divitias veniet de terra Amlwch".
Still, an update form the Bored would not go amiss…
I can confirm Mike’s assertion that Brent is indeed a real person. Had the pleasure of shaking his hand (remember those days?) at the shareholders’ meeting with Bill in Amlwch a few years ago and he (Brent) seemed corporeal enough and a nice guy to boot.
(However, I must admit that I’ve never seen Brent and Southwesterner in the same room at the same time…)
Bob..
Decided to crank up my highly secret prediction-engine again yesterday (don't like to do it too often because of the effect on the Grid).... latest iteration of the target share-price is 94.5p
That's gone up a whole 1p since the last run in early October. Encouraging. Keep the faith!
Bob... Re direct investment in LIM, I held a decent tranche back in the day when the big yellow machines were actually mining in Scheffeville.I bought at around $30, missed the peak and sold at near-as-dammit the same price when it was clear that difficulties in negotiations with the local First Nation residents were becoming a factor... so a break-even investment for me.
At the time, I traded via Barclays (who no longer directly deal overseas exchange stocks, I believe) so you'll need to research which broker will handle the trade for you. It isn't entirely straightforward to buy such stocks... your broker will provide a guide to the paperwork... and (of course) you'll need to keep an eye on forex rates, particularly in the present political/ economic climate. Good luck if you do decide to take the plunge!
Good to see the bulletin board losing the bullying ramping. Encouraging that LSE seem to have taken down STropez's more abusive posts. Let's hope for reasoned debate and courtesy all round as we await solid AYM news.
Bob… cranking up my highly secret prediction-engine (which, being highly secret, I can’t reveal the workings of, although it does involve a magic p*n and a bl*ndf*ld), the AYM share price should reach 93.5 p.
Well, it’s probably as good a guess as the others being bandied about….
Best regards
Yes Bob, Trev2 is greatly missed… if you’re out there Trev, let us know. A rigorous arbiter of the content of this chatroom and always entertaining.
Not sure you’re right about the “old chap” bit though, Brent…. I visualise him as being in his prime, a vigorous mover & shaker who’d make a useful candidate for one of the two new AYM Director jobs….
(By the way… someone asked about the Parys Mountain postcard venture. I seem to recall that that was one of Trev’s innovative ideas for diversification?)
Meanwhile, let’s hope our BOD continues to make progress…..
The Telegraph link (re TheOldBee post below) is to article "Is cash really the ultimate safe asset? Using it could cost you £50,000" https://www.telegraph.co.uk/investing/shares/cash-really-ultimate-safe-asset-using-could-cost-50000/
Need to be a subscriber to read the full piece, but conclusion is to exercise caution if piling into cash.